Is Terra’s Do Kwon the Bernie Madoff of crypto?
Hello and welcome to the Chain reaction podcast, where we unpack and explain the latest crypto news, drama, and trends, breaking it down block by block for the crypto curious.
This week, Terra relaunched its Luna token after the dramatic implosion of its cryptocurrency and associated stablecoin. The new token was airdropped to holders of the previous coin, which has now been renamed Luna Classic. But simply dropping a new coin into customer wallets does not undo the tens of billions of dollars in damage caused by the ecosystem collapse. We talked about the new token and the escalating legal struggles Do Kwon and Terraform Labs may soon find themselves facing as South Korean authorities begin digging in.
Along with the news surrounding Terra, we talked about some of the latest management efforts from Coinbase, which increasingly finds itself in a difficult position. We also dug deep into the latest efforts of OnlyFans founder Tim Stokely, who just launched an NFT startup.
Our guest: Ty Haney, founder of Outdoor Voices
In our interview this week, we sat down with Ty Haney. Haney is best known as the founder of activewear empire Outdoor Voices, but after recently stepping down from the business, she dabbled in NFTs and tried to chart a new crypto future for brands. with his startup Try Your Best. We talked about his new endeavor and the challenges of building a sustainable crypto business amid a market downturn.
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